Data by Industry within Basic Materials Sector
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Marketcap |
Revenues (TTM) |
Net Income (TTM) |
Employees |
| Industry |
(Millions) |
(Millions) |
(Millions) |
Number |
| Chemical Manufacturing Industry |
$ 954,557 |
$ 482,182 |
$ 43,615 |
535,563 |
| Chemicals - Plastics & Rubber Industry |
$ 210,839 |
$ 140,641 |
$ 10,304 |
198,189 |
| Containers & Packaging Industry |
$ 84,188 |
$ 98,420 |
$ 2,427 |
203,800 |
| Aluminum Industry |
$ 162,133 |
$ 55,010 |
$ 296 |
166,778 |
| Forestry & Wood Products Industry |
$ 35,211 |
$ 54,544 |
$ 3,266 |
39,194 |
| Iron & Steel Industry |
$ 444,343 |
$ 344,064 |
$ 36,782 |
136,643 |
| Metal Mining Industry |
$ 707,214 |
$ 268,190 |
$ 67,028 |
77,488 |
| Miscellaneous Fabricated Products Industry |
$ 228,727 |
$ 167,007 |
$ 10,764 |
308,198 |
| Paper & Paper Products Industry |
$ 79,983 |
$ 97,543 |
$ 9,297 |
146,728 |
| Construction Raw Materials Industry |
$ 487,637 |
$ 100,005 |
$ 11,441 |
64,351 |
| Basic Materials Sector |
$ 3,394,831 |
$ 1,807,607 |
$ 195,220 |
1,876,932 |
Recent News from Basic Materials Sector |
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Product Service News
Specialty chemical company Orion S.A. (NYSE: OEC) has made significant strides in sustainable production practices by achieving International Sustainability and Carbon Certification (ISCC PLUS) for a fourth plant. The latest certification, awarded to their facility in Cologne, Germany, solidifies Orion's position as the leading company in the industry with the highest number of certified carbon black production sites.
ISCC PLUS certification underscores Orion's commitment to sustainability, as strict audits confirmed the Cologne plant's compliance with the rigorous requirements of the certification. By meeting these standards, Orion demonstrates its dedication to reducing environmental impact and employing practices that align with sustainability goals.
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Dividend
Packaging Corporation of America (NYSE: PKG) has recently made an important announcement regarding its quarterly dividend and share performance. This article will outline the facts presented in the press release and assess their impact on the company's shares.
1. Quarterly Dividend Declaration:
Packaging Corporation of America's Board has approved a regular quarterly dividend of $1.25 per share on its common stock. This dividend payment is an encouraging sign for shareholders, indicating the company's commitment to providing returns on their investments.
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Products & Services
DuPont Launches Innovative Solutions at Taipei Building Show
Taipei, Dec. 7, 2023 - DuPont, a global leader in materials science and innovation, has partnered with Coryor Surface Treatment Company Ltd. and Nippon Paint Taiwan to unveil an exciting range of new offerings at the Taipei Building Show. This renowned event serves as a platform for industry professionals to showcase the latest advancements in the construction sector. DuPont's latest introductions include printed Tedlar PVF solutions and PVF coating, which promise to revolutionize the building materials market.
The printed Tedlar PVF solutions and PVF coating presented by DuPont at the Taipei Building Show have generated significant excitement among industry experts and attendees. These innovative solutions provide reliable protection, enhanced durability, and superior aesthetics for various building applications. By leveraging advanced printing technology, DuPont has elevated the capabilities of Tedlar PVF, making it an attractive option for architects, designers, and builders.
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Product Service News
Trex Awarded Three Prestigious Accolades for Sustainability, Demonstrating Market Growth and Environmental Commitment
WINCHESTER, Va. - Trex Company [NYSE:TREX], the world's largest manufacturer of wood-alternative composite decking and railing, has recently garnered significant recognition for its unwavering dedication to sustainability. This commitment has earned the company three prestigious awards, solidifying its position as a leader in high-performance, low-maintenance outdoor living products.
One of the most notable accolades bestowed upon Trex is the 2023 Sustainability Award, presented by Lowes. This recognition highlights Trex's exceptional achievements in sustainable practices, acknowledging the company's unwavering efforts to reduce its environmental impact and promote eco-friendly outdoor living solutions. Trex has long been a pioneer in sustainability, employing advanced manufacturing processes that utilize recycled materials and minimize waste generation.
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Contract
Teck Resources Limited (Teck) and Oldendorff Carriers GmbH and Co. KG (Oldendorff) have announced a revolutionary agreement aimed at significantly reducing CO2 emissions in Teck's supply chain. The joint investment will involve equipping the bulk carrier vessel, Dietrich Oldendorff, with a Flettner Rotor system by mid-2024. This collaboration aligns with Teck's sustainability goals and further solidifies their position as an industry leader committed to addressing environmental challenges. By adopting wind propulsion technology, Teck aims to pioneer sustainable practices within the steelmaking sector and set a benchmark for other competitors to follow.
Teck Resources' Revenue Performance:
In the face of global economic challenges, Teck Resources' financials for the fourth quarter of 2019 demonstrated commendable resilience. While the company reported a revenue decrease of -5.01% relative to the previous year, it outperformed its competitors who faced an identical decrease during the same period. Teck's proactive response to industry downturns positions the company strategically by employing innovative and sustainable solutions to not only address environmental concerns but also drive long-term profitability.
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Product Service News
In an effort to promote the potential of sustainable plastics, Trinseo, a leading provider of specialty material solutions, is set to inaugurate its state-of-the-art depolymerization plant for Polymethylmethacrylate (PMMA) in Rho, Italy. This groundbreaking facility, expected to commence operations in the first quarter of 2024, signifies a critical step towards transforming the plastic ecosystem as part of the circular economy.
Trinseo's new PMMA depolymerization plant introduces a breakthrough solution to address one of the major challenges in the plastics industry ? the lack of effective recycling methods for acrylic-based plastics. PMMA, commonly known as acrylic glass or Perspex, is widely used in industries ranging from automotive and construction to electronics and furniture. However, due to its complex chemical structure, PMMA has traditionally posed a significant obstacle for recycling and reintegration into the production cycle.
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Product Service News
Introduction
Trinseo, a specialty material solutions provider, is making significant strides in advancing sustainable plastics with the launch of its next-generation polymethyl methacrylate (PMMA) depolymerization plant in Rho, Italy. This state-of-the-art facility, scheduled to be commissioned in Q1 2024, represents a pivotal step towards reshaping the plastics ecosystem and promoting a circular economy.
Addressing the Plastics Problem
As the global demand for plastics continues to rise, so does the urgent need for sustainable solutions that can mitigate the environmental impact of plastic waste. Trinseo, a leader in developing innovative materials, has risen to this challenge by focusing on the depolymerization of PMMA.
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Stock Offering
In an official press release, Beacon (NASDAQ: BECN) has revealed the initiation of an underwritten secondary public offering of 5 million shares of its common stock. The offering is being made by CDandR Boulder Holdings, L.P., an entity affiliated with Clayton, Dubilier and Rice, LLC. This article aims to outline the facts surrounding this announcement and assess their potential impact on the company's share prices.
Facts:
1. Offering Details:
- Beacon is conducting a secondary offering of 5 million shares of its common stock.
- The offering is being made by CDandR Boulder Holdings, L.P.
- CDandR Boulder Holdings, L.P. is affiliated with Clayton, Dubilier and Rice, LLC.
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Contract
Weatherford International plc, a global provider of oilfield services, has secured a significant contract with Petrleo Brasileiro S.A. (Petrobras) in Brazil. Following a competitive tender process, Weatherford has been awarded a five-year contract to supply Drill Pipe Riser (DPR) ultra deepwater offshore intervention systems and services. This new contract, consisting of seven systems, will replace a previous six-system contract that has been in operation since November 2020. Operations for the new contract are scheduled to commence in March 2025.
In other news, Weatherford International Plc reported impressive financial results for the third quarter of 2023. The company's revenue increased by 17.23% compared to the same period in the previous year, surpassing the average revenue growth of its competitors, which stood at 4.01%. Moreover, Weatherford International Plc's net income in the third quarter of 2023 demonstrated remarkable growth of 254.05% year on year, outpacing its competitors' average growth of 58.6%.
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Financing Agreement
Alto Ingredients, Inc., a leading producer and distributor of specialty alcohols and essential ingredients, has announced an amendment to extend the commitment period for undrawn capital under its senior secured term loan facility. The company has secured this extension with certain funds managed by Orion Infrastructure Capital (OIC) and the commitment period is now extended until November 2024. No other material terms have been changed in the agreement.
This decision comes in the wake of an increase in Current Liabilities during the second quarter of 2023. As a result, Alta Ingredients' Quick Ratio, which measures the company's ability to cover its immediate liabilities with its most liquid assets, fell to 0.42, below the company's average Quick Ratio.
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